Qualco: Goes live with open banking solutions

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Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

Qualco: Goes live with open banking solutions

  • Qualco UK is a technology company delivering panel management solutions to the credit industry
  • Went live with two new solutions, featuring open banking technology delivered by a number of key partners
  • Introduced account-to-account payment options, under a white label model, for a new client, Simon Jersey Limited
  • The innovative approach includes letters, emails, and SMS being sent to customers, containing a unique QR code
  • Customers with mobile banking apps or online banking are able to safely and securely perform an Open Banking payment
  • Options include the ability to pay the full balance immediately or to make regular repayments
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